Japan Inflation, Manufacturing Stagnate

TODAY: Dec. 27, 2014 PUB DATE: Dec. 26, 2014

TOKYO--Japan's inflation rate fell to its lowest level in over a year in November as the economy struggles to emerge from a recession, in a fresh setback to Prime Minister Shinzo Abe's campaign to end more than a decade of ...

Japanese Bond Yields Hit Historic Low

TODAY: Dec. 27, 2014 PUB DATE: Dec. 26, 2014

TOKYO--Japanese government bond yields sank to their lowest-ever level Thursday, defying an upswing in U.S. yields over the last week and demonstrating the Bank of Japan's overwhelming influence on the market. The benchmark 10-year Japanese government bond was yielding just ...

China to Revamp Provincial GDP Calculation

TODAY: Dec. 27, 2014 PUB DATE: Dec. 26, 2014

BEIJING--China will change the way individual provinces calculate their gross domestic product, the China Daily reported Friday, aiming to bring it more into line with reality. China-watchers have long been amused to note that the sum of the GDP figures ...

Amazon Says Sales Through App More Than Doubled This Holiday Season

TODAY: Dec. 27, 2014 PUB DATE: Dec. 26, 2014

By Chelsey Dulaney Amazon.com Inc.'s app was busy this holiday season. The online retail giant said Friday that holiday sales made from its smartphone app doubled this year, as nearly 60% of Amazon.com customers shopped on a mobile device. Amazon ...

Russia Finance Minister Eyes Lower Military Spending

TODAY: Dec. 27, 2014 PUB DATE: Dec. 26, 2014

MOSCOW--Russia needs to reassess its military spending amid slowing economic growth and reduced access to global capital markets as falling oil prices have hit the domestic economy hard, Finance Minister Anton Siluanov said Friday. Russia will need to adapt its ...

Russia: Ruble Is Stable but Economic Issues Remain

TODAY: Dec. 27, 2014 PUB DATE: Dec. 26, 2014

MOSCOW--Russia's finance minister declared the currency crisis over as the ruble firmed to a three-week high on Thursday, but President Vladimir Putin told his ministers they would have to work through the coming holidays to manage the country's deepening economic ...

Dollar Flat Againt Yen, Euro Amid Thin Trade

TODAY: Dec. 27, 2014 PUB DATE: Dec. 26, 2014

By Hiroyuki Kachi The dollar was largely unchanged against the yen and the euro in quiet trading in Asia on Friday, with the reduced number of market participants amid the holiday season avoiding any major moves. As of 0515 GMT, ...

Mexico Registers November Trade Deficit on Lower Oil Prices

TODAY: Dec. 27, 2014 PUB DATE: Dec. 26, 2014

By Anthony Harrup MEXICO CITY--Mexico ran up a $1.08 billion trade deficit in November as a drop in crude oil prices led to a deficit in petroleum products, offset by continued growth in exports of manufactured goods. Total exports last ...

U.S. Chamber of Commerce Pushes Priorities in Congress

TODAY: Dec. 27, 2014 PUB DATE: Dec. 26, 2014

By Patrick O'Connor WASHINGTON--The U.S. Chamber of Commerce flexed its muscle in the midterm election, winning 14 of 15 Republican primaries in which it was involved and helping the GOP recapture the Senate. Now it wants the Republican majority in ...

Robots Step Into Brewery, Bakery Roles

TODAY: Dec. 27, 2014 PUB DATE: Dec. 26, 2014

By John Revill ZURICH--A German brewer established in the 1790s has found a 21st-century answer to increasing profitability: robots. Nine years ago, Badische Staatsbrauerei Rothaus AG was struggling with production bottlenecks that weighed on its profits. Workers couldn't package and ...

China to Ease Rules to Boost Lending

TODAY: Dec. 27, 2014 PUB DATE: Dec. 26, 2014

BEIJING--China's central bank is allowing banks to lend more out of their deposits as the world's second-largest economy struggles to gain momentum, according to banking officials with knowledge of the matter. At a closed-door meeting on Wednesday, officials at the ...

Singapore November Industrial Output Declines

TODAY: Dec. 27, 2014 PUB DATE: Dec. 26, 2014

By Gaurav Raghuvanshi SINGAPORE--Singapore's manufacturing output fell in November as most major sectors dragged and a tepid rise in the production of electronics failed to offset the decline. Output fell 2.8% on year in November, according to preliminary figures released ...

Saudi Arabia to Maintain Spending Plans Despite Oil Fall

TODAY: Dec. 27, 2014 PUB DATE: Dec. 26, 2014

DAMMAM, Saudi Arabia--Saudi Arabia on Thursday unveiled its 2015 budget, signaling the government's intention to maintain its large spending policy despite a steep fall in oil prices in recent months that has pressured the kingdom. But Saudi King Abdullah struck ...

Russian Finance Minister Calls for Lower Military Spending

TODAY: Dec. 27, 2014 PUB DATE: Dec. 26, 2014

By Andrey Ostroukh and Alexander Kolyandr MOSCOW--Russia needs to reassess its military spending amid slowing economic growth and reduced access to global capital markets as falling oil prices have hit the domestic economy hard, Finance Minister Anton Siluanov said Friday. ...

Oil Prices Drop to Nearly Five-Year Lows

TODAY: Dec. 27, 2014 PUB DATE: Dec. 26, 2014

By Leslie Josephs Oil futures gave back early gains to end near five-year lows on Friday as a surge in U.S. supplies weighed on the market. Light, sweet crude for February delivery fell 2%, or $1.11, to $54.73 a barrel ...

Dollar Pushes Higher Against Rivals

TODAY: Dec. 27, 2014 PUB DATE: Dec. 26, 2014

By James Ramage The dollar gained against the yen and the euro in light holiday trade Friday as investors increased bets that the U.S. currency would rise early in 2015. The dollar rose 0.2% to 120.39 yen, nearing its strongest ...

China to Revamp Provincial GDP Calculation

TODAY: Dec. 27, 2014 PUB DATE: Dec. 26, 2014

BEIJING--China will change the way individual provinces calculate their gross domestic product, the China Daily reported Friday, aiming to bring it more into line with reality. China-watchers have long been amused to note that the sum of the GDP figures ...

Volatility in Chinese Stocks Cues Uncertainty Into 2015

TODAY: Dec. 27, 2014 PUB DATE: Dec. 26, 2014

By Daniel Inman As the best year for Chinese stocks since the financial crisis draws to a close, the market is highly volatile with investors looking for clues whether the bull-run will continue or whether equities could fall just as ...

Amazon Says App Sales More Than Doubled

TODAY: Dec. 27, 2014 PUB DATE: Dec. 26, 2014

Amazon.com Inc.'s app was busy this holiday season. The online retail giant said Friday that holiday sales made from its smartphone app doubled this year, as nearly 60% of Amazon.com customers shopped on a mobile device. Amazon said Cyber Monday ...